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Mapping support for Africa's infrastructure investment

Mapping support for Africa's infrastructure investment

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Published by OECD Publications
The objective of this paper is to present an overview of support by development partners as well as financial instruments that are promoting private investment for Africa’s infrastructure. The report is one of the outputs for a joint project by the Development Assistance Committee (DAC) and the Investment Committee (IC) in the Programme of Work and Budget 2011-12 (4.1.1.7 and 5.1.3.3). It is delivered within the framework of the New Economic Partnership for Africa’s Development (NEPAD)-OECD Africa Investment Initiative, building on past efforts by the two committees.
The objective of this paper is to present an overview of support by development partners as well as financial instruments that are promoting private investment for Africa’s infrastructure. The report is one of the outputs for a joint project by the Development Assistance Committee (DAC) and the Investment Committee (IC) in the Programme of Work and Budget 2011-12 (4.1.1.7 and 5.1.3.3). It is delivered within the framework of the New Economic Partnership for Africa’s Development (NEPAD)-OECD Africa Investment Initiative, building on past efforts by the two committees.

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Published by: OECD Publications on Oct 04, 2013
Copyright:Attribution Non-commercial

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10/07/2013

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Mapping Support for Africa's InfrastructureInvestment 
 
 
 This report is part of the
Aid for Investment in Africa's Infrastructure
 project, jointly managed  by the Development Assistance Committee and the Investment Committee of the OECD within theframework of the NEPAD-OECD Africa Investment Initiative.The preliminary version of this report was presented at the ministerial meeting of the NEPAD-OECD Africa Investment Initiative in Dakar in April 2011. An updated draft was then presented for discussion at a working lunch session of the Global Forum on International Investment inDecember 2011 and at the joint DAC-Trade Committee Working Party meeting in January 2012.The report was finalised in May 2012. It has benefited from comments from the DevelopmentAssistance and Investment Committees of the OECD.For more information contact: Kaori Miyamoto (kaori.miyamoto@oecd.org) or DambudzoMuzenda (dambudzo.muzenda@oecd.org)
© OECD 2012You can copy, download or print OECD content for your own use, and you can include excerpts from OECDpublications, databases and multimedia products in your own documents, presentations, blogs, websitesand teaching materials, provided that suitable acknowledgment of OECD as source and copyright owner isgiven. All requests for public or commercial use and translation rights should be submitted torights@oecd.org. Requests for permission to photocopy portions of this material for public or commercialuse shall be addressed directly to the Copyright Clearance Center (CCC).This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressedand arguments employed herein do not necessarily reflect the official views of the Organisation or of thegovernments of its member countries.This document and any map included herein are without prejudice to the status of or sovereignty over anyterritory, to the delimitation of international frontiers and boundaries and to the name of any territory, cityor area.
 
3
TABLE OF CONTENTS
EXECUTIVE SUMMARY ............................................................................................................................. 5
 
PART I: INTRODUCTION ............................................................................................................................ 7
 
1. Background ....................................................................................................................................... 7
 
2. Importance of Infrastructure for Africa’s Development ................................................................... 8
 
3. Overview of Official Development Finance to Africa’s Infrastructure .......................................... 10
 
PART II: PROMOTING PRIVATE INVESTMENT FOR AFRICA’S INFRASTRUCTURE ................... 14
 
1. Need for Private Investment for Africa’s Infrastructure ................................................................. 14
 
2. Examples of Donor Activities in Promoting Private Investment for Africa’s Infrastructure .......... 20
 
2.1
 
Water & Sanitation .................................................................................................................... 21
 
2.2
 
Transport and Storage ................................................................................................................ 22
 
2.3
 
Communications ........................................................................................................................ 22
 
2.4
 
Energy........................................................................................................................................ 23
 
2.5
 
Broader Business Climate Reforms ........................................................................................... 24
 
2.6
 
South-South Lessons Learned on PPPs ..................................................................................... 25
 
3. Fragmentation of Development Finance in Africa’s Infrastructure ................................................ 26
 
PART III: THE ROLE OF FINANCIAL INSTRUMENTS AND THE EMERGING ECONOMIESIN AFRICA’S INFRASTRUCTURE ........................................................................................................... 30
 
1. Financing Instruments ..................................................................................................................... 30
 
1.1
 
Introduction ............................................................................................................................... 301.1.1
 
Investment Funds ................................................................................................................... 301.1.2 Blending ................................................................................................................................ 361.1.3
 
Risk Mitigation Instruments .................................................................................................. 38
 
1.2
 
Assessing the Impact of Risk Mitigation ................................................................................... 41
 
1.3
 
How Development Agencies Perceive Guarantees ................................................................... 431.4
 
Officially-Supported Export Credits ......................................................................................... 432. The Role of the Emerging Economies ............................................................................................ 46
 
2.1
 
 Non-OECD Financiers Contribute a Large Share of Infrastructure Financing ......................... 47
 
2.2
 
China: An Important Player in Africa’s Infrastructure .............................................................. 48
 
PART IV: APPLYING THE PARIS DECLARATION ON AID EFFECTIVENESSAND CONCLUSIONS ................................................................................................................................. 51
 
1. Applying the Paris Declaration on Aid Effectiveness ..................................................................... 51
 
1.1
 
Harmonisation ........................................................................................................................... 52
 
1.2
 
Managing for Results................................................................................................................. 53
 
2. Conclusion ...................................................................................................................................... 54
 
ANNEX 1: PRIVATE PARTICIPATION IN INFRASTRUCTURE, 1990-2009 ....................................... 55
 

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